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Life Reinsurance

Reinsurance is commonly used by life and health insurers to manage their profitability, risk, and capital, and to access services provided by third-party reinsurers. The Life and Health Reinsurance Working Party was established in 2014 and has since set itself the ambition of developing into a source of practical knowledge and expertise on matters relating to reinsurance. Rather than looking at the theory behind reinsurance, the Working Party has been focused on the value that reinsurance can provide across the insurance industry.

The members of the Working Party include actuaries employed by insurers, reinsurers, and consultants. This diverse group allows the Working Party to present views from all angles of reinsurance transactions.  

The initial research carried out by the Working Party looked at how reinsurance decisions are being made and were presented at the Life Conference in 2015 (Reinsurance should be a tool, not a habit - Life Conference, 2015).

Following on from this initial research the Working Party is now exploring the problem of optimizing reinsurance from both the insurer’s and reinsurer’s perspectives. The Working Party is authoring a paper looking at the potential misconceptions, inefficiencies, and mistakes often seen around the use (or lack thereof) of reinsurance. Again rather than provide the theory on how both insurers and reinsurers may be able to derive greater value from their transactions, the Working Party is focused on practical examples and implementable solutions. Our research is following the framework as set out in this infographic. The Working Party intends to present this paper at Life Conference in 2018.

Outputs:

In April 2018 the working party membership is Greg Solomon (Chair), Alexandra Manion, Arminder Kainth, Benoit Rio, Craig Gillespie, David Lipovics, Kyle West, Niall Kavanagh, Peter Mannion, Ruud van Doorn, and Tom Keel.

Chair Greg Solomon
Membership 10
Established 2014

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Contact Details

If you want more information about this research working party please contact the Communities Team.

professional.communities@actuaries.org.uk

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